GUWAHATI: A joint venture of Centre and government of Himachal Pradesh, SJVN, has won contracts worth Rs 19 bn to build Solar Power Projects in Assam, the Assam Power Development Corporation Limited (APDCL) announced on Tuesday.
The Public Sector Undertaking’s subsidiary, SJVN Green Energy had floated tenders for three projects – 50MW, 70MW, and 200MW – in February, of which they will be building first two in Dhubri and Dhekiajuli. The 200MW project can be developed anywhere in the state and it will be producing power at Rs 3.92/unit.
The three projects will be developed on a Build Own and Operate (BOO) basis, and are expected to generate 628 MUs cumulatively in the first year. In total, it is expected to produce 14,591 Mus of power over a period of 25 years.
SJVN has been given a stipulated time of 18 months to complete the project after the signing of the PPP sometime in March 2025. The green energy provider also stated that once completed, these three solar power projects could reduce 7.14 lakh tonnes of carbon emission, contributing to the government’s mission of carbon emission reduction.
Last year in October, the PSU had inked a Memorandum of Understanding (MoU) with APDCL in Guwahati to develop 1000 MW floating solar power projects in state by incorporating a joint venture company. The PSU will invest ₹6000 crore in the state for developing the project.
Notably, after the news broke, the shares of SJVN surged and hit an all-time high of Rs 63.8 per piece.